A post by @coinbase on X.

Coinbase and PNC have enabled eligible PNC corporate clients to receive USDC payments that settle as dollars directly in their PNC accounts. The integration connects Coinbase's stablecoin rails to a major U.S. bank, letting corporate recipients avoid manually converting USDC and reducing exposure to crypto price swings. It matters because it pushes stablecoin payments further into mainstream corporate treasury and payment flows, where dollar settlement and banking integration are prerequisites. The announcement did not disclose transaction volumes, fees, or the number of clients covered. What to watch next is whether PNC expands eligibility beyond select corporate clients and whether other banks follow with similar USDC-to-dollar settlement arrangements.